Sanmina Reports $2.04B Revenue for Q3 Fiscal 2025

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Sanmina Corporation, a leading integrated manufacturing solutions company, reported financial results for the third quarter ended June 28, 2025 and outlook for its fourth fiscal quarter ending September 27, 2025.

Third Quarter Fiscal 2025 Financial Highlights

• Revenue: $2.04 billion
• GAAP operating margin: 4.7%
• GAAP diluted EPS: $1.26
• Non-GAAP(1) operating margin: 5.7%
• Non-GAAP(1) diluted EPS: $1.53

Additional Highlights

• Cash flow from operations: $201 million
• Free cash flow(2): $168 million
• Share repurchases: 0.2 million shares for $13 million
• Ending cash and cash equivalents: $798 million

"Our focused execution and operating discipline yielded solid third quarter financial results. Revenue, non-GAAP gross margin, and non-GAAP diluted earnings per share exceeded our outlook. We continue to benefit from operational efficiencies and a favorable business mix as reflected in our healthy operating margin and robust cash generation," stated Jure Sola, Chairman and Chief Executive Officer. 

"Our customer base and pipeline of new opportunities continue to grow. Based on what we are seeing from our customers and new program wins, we are confident in our ability to deliver solid fourth quarter and fiscal year results with momentum continuing into fiscal 2026," concluded Sola.

Fourth Quarter Fiscal 2025 Outlook

The following outlook is for the fourth fiscal quarter ending September 27, 2025. These statements are forward-looking and actual results may differ materially.

• Revenue between $2.0 billion to $2.1 billion
• GAAP diluted earnings per share between $1.21 to $1.31
• Non-GAAP diluted earnings per share between $1.52 to $1.62